3 ms·
Eh, i know nothing on the subject - BUT - from people more informed than I, it sounds like the hedge funds were bullying the stock into the ground to make a pro
by adkadskhj 6y ago
Eh, i know nothing on the subject - BUT - from people more informed than I, it sounds like the hedge funds were bullying the stock into the ground to make a profit. While not strictly a "house edge", i'd call that close - in that the funds available to a select few have more power than you in this case.
They have the odds stacked in their favor by nature of the size of their pockets and the ease by which they can flex this muscle to manipulate stocks in the direction they choose.
Sure, individuals could coordinate to flex similar levels of funds but even ignoring legality it's still difficult.